How to Master Social Media for Businesses & Entrepreneurs

by

20 June 2018

Business

Social Media

The general approach to social media marketing has been a broad topic, and different experts have made their contribution towards this issue. Entrepreneurs are among those who have been immersed in social media marketing with good levels of success, and many upcoming businesses would like to learn how to capitalize on social media for business. To benefit from social media, you have to master how it runs and the benefits it could have for your business.

Here are some ideas on how to master social media for entrepreneurs and businesses.

Be Committed to Social Media:

Social Media

To understand how social media operates and some of the opportunities that entrepreneurs could exploit, it’s essential to commit to social media. Like different forms of marketing, social media could pose a challenge because it’s not easy to grow the audience and increase engagement.

Too often, brands give up their social media to companies to manage their social media daily postings, and this has revealed that the lack of expertise in social media management should not prevent you from excelling because you can find experts to work within social media management.

Listen to Customers:

Some businesses focus only on promotion instead of addressing the concerns that are raised by customers. A perfect social media strategy should focus on listening to what customers are saying, not always promoting to them.

Social media should be a way to get social and engage with your audience to create a bond that would lead to conversions in the future. Marketing right away could interfere with the process and make it challenging to get people to trust your business.

Focus on Select Networks:

Not every social media platform out there is going to give you results while building an audience for your business. Just choose two or three that are likely to provide the best results and put all effort into promoting the business on those.

Experiment with Video Marketing:

Video Marketing

Content is the cornerstone of marketing, and with this, you have to be creative. There are many ways you can reach your target audience including through sharing images and with written text. However, the video is quickly gaining traction as a way to address audiences.

Come up with good video content and distribute it across different social media platforms. Check the pages of your competitors to see the videos they are making to find ideas you could replicate.

Boost Content at a Targeted Audience:

You don’t need to be an expert to be successful in social media marketing. There are many tools available that you could use that will help you to reach the right people. Boost content using the paid advertising solutions available to reach your targeted audience. It will help you achieve your goal faster than when doing it manually.

Every business is on social media, and as an entrepreneur, you should try also to make a step to get your business more visible. With more than 3 billion people using different social media platforms today, it’s easy to market your business and reach the right audience. What you need is to master social media to know how to target your ads and content.

 

Read More:

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Tips for Styling Straight Leg Jeans

The straight leg is a very in-style cut for your jeans. If you’re used to styling other types of cuts, such as skinny jeans, wide-leg pants, or bootcut jeans, it can be challenging to know the best way to wear straight leg jeans. This article will give you styling tips on how to put together the perfect straight-leg jeans outfits. The Best Ways to Style Straight Leg Jeans: 1. Length Straight-leg jeans come in varying lengths that can work better for different people and different style choices. Full-length jeans were more popular for the straight-leg cut in the past. Nowadays, the trendiest looks incorporate slightly cropped straight-leg pants, which fall just above the ankle, at the narrowest point of the leg. This look is very in-style for both men and women and is a great pairing with larger professional loafers or a classic pair of black heels. Ankle-length straight-leg jeans offer a beautifully modern look appropriate for either a daytime or nighttime look. 2. Shoes It can be difficult to determine the best shoes to match with straight-leg jeans. Whether you decide on a full-length jean option or a cropped jean look, there are some key tips you can follow in choosing your shoes. Since jeans are such a versatile item, you can pair a wide variety of shoe colors and styles with them, from nice sneakers for a casual look to proper dress shoes for a more sophisticated look. Almost any variety of flats or shoes below ankle height will pair well with straight-leg jeans. When wearing short shoe varieties, a small portion of your ankle should be showing between the tops of your shoes and the hem of your jeans. On the other hand, if you need to wear taller shoes or boots during colder weather, you will need to be careful how they pair with your straight-leg jeans. You should make sure that whatever the length of your jeans, they cover the tops of your tall shoes by at least a couple of centimeters. This will keep your boots and straight-leg jeans combination from looking awkward. Style Your Own Straight Jeans Thinking about the length and fit of your jeans, as well as how you pair them with various footwear options, is the best way to start putting together excellent outfit combinations with straight-leg jeans. Make sure to pick a fit of jeans that allows you to have freedom of movement while wearing your new outfits. It is also important when picking out clothing that you are comfortable with the styles you wear. Make sure you pick clothes that you feel good wearing. And most importantly, don’t be afraid to have fun when styling your outfits. Style is a unique expression of personality, so get out there and let your creative juices flow. Additional Reading: All The Colors You Should Wear This Winter 5 Simple Tips for Men to Level up a Casual Look Best 15 Jackets for Men and Women in 2020

READ MOREDetails
Your Business

Why Correctly Valuing Your Business Is Essential

Knowing your business's accurate value can be helpful if you plan on selling your brand someday. However, the fear sellers have in getting the best possible price is understandable. Selling your business is one of the most significant events in your professional life. While this brings some caution, it should also be exciting as you move on to your next adventure. Before you start the process, it's a good idea to use a valuation calculator to get an idea of how much your business is worth. Gathering as much information as possible about your business is essential. Preparation is key. With that in mind, here are 6 key tips to help you value your business correctly. Tips To Help You Value Your Business Here are some ideas that can help you understand the valuation of your company: 1. Understand Price-To-Earning Ratio (P/E) It is typical for businesses to use the price-to-earnings ratio to understand their value. This tip works best for companies that have an established profit track. The P/E will be higher if the business has high-profit growth. Let us take an example — if your company makes $500,000 profit after taxes and you utilize the P/E ratio of 4, it means your business will be valued at $2,000,000. The P/E ratio will depend on the growth ratio of your company. For instance, start-ups will have a higher ratio because they are high-growth businesses. On the other hand, high-street companies, like real-estate companies, will have a lower P/E ratio. Since P/E ratios can differ extensively, no standard ratio can be used to value all types of businesses. In most cases, the valuation between 4 and 10 is used as the standard. 2. Cost Of Entry This tip is quite simple — this is the total cost of setting up a business similar to the one being valued. In this case, you will have to consider every factor that helped the business get to where it is today. This involves all the costs, tangible assets, building a customer base, recruitment, etc. Next, you need to think about all the money you can save while setting up the business. For instance, the costs you save by using cheaper material alternatives or setting up the business elsewhere. To get the entry cost, you need to subtract the latter (saved money) from the former (the cost of setting up the business). This is your valuation. 3. Valuing The Business Assets In the case of established and stable businesses, these companies often have a lot of tangible assets that can be valued. Some great examples, in this case, include those in the manufacturing and property businesses. You will have to start working out the company's NBV (Net Book Value) to start its asset valuation. In most cases, these assets will be recorded in the accounts of the business. Next, you simply need to make a few other adjustments like depreciation, etc., to determine the assets' actual value. 4. Discounted Cash Flow This is a complex way of determining the value of a company – it is all about making reliable assumptions about the future of a business. In most cases, this particular method is used by companies with more predictable and stable cash flows. For example, utility companies. As you can guess, this tip will help you understand the value of the business by estimating the worth of the future cash flow today. Adding the dividends forecast will help you figure out a valuation for the next decade or so. 5. The Rule Of The Thumb There are a handful of companies that deal with the buying and selling of businesses. Therefore, it only makes sense that these businesses utilize certain standard methods to determine the value of their companies. They are based on other things, apart from profit. When selling a business, it's important to identify the target market and understand their needs, such as business owners who will buy a business, in order to position the sale effectively and maximize the value for both the buyer and seller Let us take the example of retail companies. The value for these businesses is derived from other factors like the number of outlets, total number of customers, business turnovers, etc. 6. Non-Measurable Valuation As we have said in the beginning, the worth of a business is exactly what the other person is willing to pay. In this part, even intangible assets can be considered. If your company has a better relationship with your suppliers and/or customers, it will be more valuable. If the buyer does not have a stable team to grow your company, you can also add a strong management team for additional value. Conclusion With the help of these tips mentioned in this article, you should be able to approximately evaluate your company. To further help with your valuations, there are useful business valuation tools online. For an online business valuation tool, you will usually need to provide some basic data about your company, which will then be measured against the standardized benchmark to provide you with an accurate company valuation. Additionals: Master’s In Business Analytics: Is It Worth The Effort? Your Business Needs Marketing To Survive – Here’s Why Content Marketing Campaign Strategy For Small Business How Business Owners Can Protect Themselves if Their Business Fails

READ MOREDetails
Which product was originally marketed as an "esteemed brain tonic & intellectual beverage"?

Which product was originally marketed as an “esteemed brain tonic & intellectual beverage”?

 Which product was originally marketed as an esteemed brain tonic & intellectual beverage? Coca Cola Pepsi Sprite Thums Up Correct Answer: Coco Cola The success and failures of an organization depend on its marketing strategies. The strong marketing plans are, the rapidly you will observe growth. It is basically a summative master plan drafted by specialists in an organization to reach a maximum number of prospective leads.  The final goal is thus to convert those leads into potential customers in the long run. Therefore, brand message and taglines are two of the most crucial components of marketing. Without a quirky marketing tagline, it is possible to capture a market after a particular stage.  There are some unique brand taglines that the world would remember forever. One such tagline is “Esteemed Brain Tonic & Intellectual Beverage.” But do you know which company or brand marketed their products with this tagline? So, today, in this article, we will answer Which product was originally marketed as an esteemed brain tonic & intellectual beverage? Which product was originally marketed as an esteemed brain tonic & intellectual beverage? You must have searched this question multiple times on the Internet but failed to receive a confirmed and suitable answer, right? Well, you now are at the right place because, in this segment, we will answer which product was originally marketed as an "esteemed brain tonic & intellectual beverage"? So the famous brand that initially marketed its products with the slogan "esteemed brain tonic & intellectual beverage" is Coca-Cola. Yes, you heard it right, it is your favorite drink only! It has changed its slogans several times since its inception. However, this was the original one when it arrived in the market for the first time.  Some Hidden Facts Here are some trivia about Coca Cola which we bet nobody knows. However, through extensive and in-depth research about the brand, we have become able to extract this information. So brace yourself to get some fantastic surprises.  During its first hit in the market of the United States, the company advertised it as an "Esteemed Brain Tonic and Intellectual Beverage." In addition, it was also marketed as a ”brain nerve tonic” as well as an “Intellectual beverage.” In the beginning, it also promised to “cure headaches, relieve exhaustion, and deliver you with exhilarating and invigorating joy.” Moreover, it was beneficial for women and said that “ladies, and all those whose sedentary employment causes nervous prostration.”  You will be surprised to know some sources state that it was accessible only in the pharmacy shop during its initial days. But later, with time, it has made its way to the restaurants, food outlets, frozen food shopsç, etc., as a soda-based carbonated soft drink.  Brief Description Of Coca-Cola Just the name of the brand and some facts are not sufficient enough to answer this question - Which product was originally marketed as an "esteemed brain tonic & intellectual beverage"?. So we have elucidated the history and present marketing tactics that the company adheres to at present. Coca-Cola is actually a carbonated soft drink found by The Coca-Cola Company. As we have seen in the previous section, initially, it was a patent medicine and a temperance drink. Then, at the end of the 19th century, John Smith Pemberton founded this company while contemporary business tycoon Asa Griggs Candler bought it.  It is said that the marketing principles of Candler led Coca-Cola towards what it is today. This soft-drink giant uses two critical ingredients among many to prepare the drink: Kola nuts and coca leaves. Nevertheless, the formula of Coca-Cola is intellectual property, and therefore, it is a trade secret.   Coca-Cola introduced a plethora of variants all over the world. There are fruit flavors apart from the caffeinated version which is pretty popular. Some of the other quirky versions are Coca-Cola Zero Sugar and Diet Coke, Coca-Cola Vanilla, Coca-Cola Raspberry, etc.  The marketing tricks which Coca-Cola adopted to take these products nearer to the customers are incredible. It is their marketing tactics that have made them stand steadily amidst a severely competitive market even after series of criticisms. Marketing Strategies Of Coca Cola There is much more in this article rather than simply answering Which product was originally marketed as an esteemed brain tonic & intellectual beverage? By now, you must have understood that when it comes to marketing and branding, Coca-Cola ranks higher in position than many of its competitors. One of its prominent examples is its first marketing message - “esteemed brain tonic & intellectual beverage. Let us now take a detailed look at their marketing strategies today: Product Strategy: In terms of products, the brand is highly versatile as it has released a range of innovative drinks in the market: Sprite, Fanta, Diet Coke, Minute Maid,  Fuze Tea, Powerade, Coca-Cola, Simply Orange, etc. The Bottle: The design of Coca-Cola’s bottle is one of the defective marketing strategies. The bottle design is itself a part of the logo and is an outcome of a contest arranged in 1915. Pricing Strategy: Its pricing strategy is one reason why they are a rival of many other leading brands. For 73 years from 1886-1959, they kept a fixed price and that is 5 cents. Later the price upgraded with the economic changes but still, it is a really affordable purchase in the market still now.  The Final Words As you have arrived at the final stage of the article, you have not got a clear idea about, Which product was originally marketed as an esteemed brain tonic & intellectual beverage? There is no limitation on to what extent a brand can frame its marketing strategies. But whatever they design, those must be effective enough to catch the attention of a considerable customer base. If you have any other ideas on this topic, feel free to leave a comment. Also, forward this message to anybody who wants to enhance their knowledge through this little fact about Coca-Cola. Finally, if any question pops up in your mind, do not forget to let us know by posting it in the box below. Read Also: The Value of Business Systems 6 Crucial Aspects to Consider Before Starting a Business 4 Lessons Content Marketers Can Learn from E-learning Courses

READ MOREDetails